(As of January 1, 2019)

### General Negotiable Monetary Lease Terms

One to Ten Years

#### Monthly Minimum Rent:

\$2.50 to \$3.85 per square foot

#### Percentage Rent:

6% to 9%
How percentage rent works:Example:

Tenant leases a 2,000 square foot store; pays minimum rent of \$5,900 per month (\$2.95 per square foot x 2,000 square feet = \$5,900 per month).  Tenant’s lease has a percentage rate of 8%. The Tenant’s “natural sales break point” is \$73,750 per month (\$5,900 divided by 8% = \$73,750).

 Gross Sales for the Month \$75,000 Multiply Sales by Percentage Rate x 8% Sub-Total \$ 6,000 Less Monthly Minimum Rent Paid \$5,900 Total Percentage Rent Due \$ 100

Tenant’s sales in a month were \$75,000; therefore, to calculate Percentage Rent:

#### Lease Deposit:

Equal to approximately Two Months of Monthly Minimum Rent

#### CAM:

Tenant to pay fixed Common Area maintenance, property taxes and insurance which is currently billed at a rate of 75¢ per square foot per month with annual increases (non-negotiable obligation).
Example: 2,000 square feet x 75¢ per month = \$1,500 per Month

#### Promotional Fund Dues:

\$2.50 to \$3.50 per square foot per year payable monthly
Example: 2,000 square feet x \$3.00 = \$6,000 ÷ 12 months = \$500 Per Month for Promo Dues

All other lease terms will be addressed in our Lease Form.